|
|
Article: Dutch government cash lifts Aegon Insurance giant promises 3bn will be used to help customers
- Article from:
- The Scotsman
- Article date:
- October 29, 2008
- Author:
CopyrightCopyright 2008 The Scotsman. Provided by ProQuest LLC. (Hide copyright information)
|
ALEX WYNAENDTS, the chief executive of Dutch insurance giant
Aegon, yesterday promised continued growth and security for
customers in the UK following the Dutch government's 3 billion (GBP
2.4bn) bail out of the insurance group.
Wynaendts pledged that the money raised through the deal in
Holland would allow its subsidiary, Edinburgh-based Aegon UK, owner
of the Scottish Equitable brand, to continue "broadening our product
range and our distribution network".
"It is good for UK customers too because they will be customers
of a much stronger company," Wynaendts told The Scotsman.
Aegon yesterday revealed it had raised 3bn from the Dutch
government at the same time as it posted losses and ...